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Project Manager - Global Markets - Regulatory

Bank of America

Bank of America

Legal, Operations
Jersey City, NJ, USA
Posted on Sep 13, 2023

Job Description:

The role will be as a Project Manager/Business Analyst working on the Operations Change and Transformation team for Global Markets initiatives.  The key purpose of the Change & Transformation Project Manager is to partner with the business & support partners with responsibility for prioritizing, sponsoring and implementing multiple and varied change initiatives driven by business, legal, regulatory, compliance or market requirements.  The change portfolio includes a mix of strategic, discretionary and mandated initiatives.  The discretionary items aim to improve the client experience, support revenue growth, reduce operating costs, improve processing efficiency/control and support the delivery of new products and services.  Mandates are driven by legal, regulatory, compliance or market changes.
The extent of the Change & Transformation team involvement in projects depends on the ownership, nature, scale and complexity of each. For some projects the team manages the initiative from inception through to implementation of the solution. For others, the team is accountable for just part of the project life cycle, such as production of a business case and requirements or co-ordination of user acceptance testing.  In delivering a project, the team works closely with the Global Markets Operations functions, as well as other stakeholders including the Front Office, Technology, Finance, Tax and Treasury
This role's primary focus is the project management focused on Transaction Reporting within Regulatory Change.
There are multiple streams of work within the Operations Change Transaction Reporting Portfolio which include changes across each LOB to be compliant with various regulations such as MIFID II, EMIR, CFTC, SFTR amongst others.  This role will also involve partnering with our Operations & Technology teams to define and build out solutions for the post implementation gaps including coordination of SIAIs, tail risk co-ordination and delivery.

The responsibilities of the successful candidate will include participating in and/or ownership of the following functions:
• Problem analysis, Business Analysis and data field definition
• Co-coordinating activities across the project team
• Identifying and managing project risks and issues
• Managing small to medium sized projects
o Developing project schedules and milestones
o Maintain and publish project documentation
o Managing project implementation and reporting on progress against plan and budget utilization
o Identifying and managing project risks and issues
o Running working groups as required
o Conducting post-implementation reviews in order to draw out lessons learnt and ensure benefit realization
• Assisting with the implementation of large market mandatory and regulatory projects
• Managing acceptance testing in line with testing strategy where applicable
• Conducting post-implementation reviews in order to draw out lessons learnt and ensure benefit realization.
• Participating in the continuous improvement of processes and quality standards.

This role provides an excellent opportunity to build an extensive network across operations; requiring interaction with front office, support operations and technology. 

Additional Responsibilities:
• Serving as a primary contact to senior department managers for critical change initiatives
• Communicating, influencing and negotiating to obtain or leverage necessary resources
• Creating a clear, coherent approach to guide effective program/initiative setup, execution, and control
• Ensuring clearly defined responsibilities and accountabilities for key program/project roles
• Integrating knowledge of end-to-end business process into program planning and decision making
• Developing, maintaining, and reporting on an overall integrated delivery plan
• Participate in strategic and horizontal activities as directed by management
• Encouraging the identification, escalation and timely mitigation of work stream and program risks
• Performing reviews of work streams and supporting technology activities

Required:
• Significant experience (5+ yrs) working in project / change management
• Previous global markets / regulatory projects background advantageous in particular with MiFID, EMIR, SFTR, CFTC regulations
• Strong business partnering skills with individuals across the organization
• Desire to work in a dynamic and fast-paced environment
• Previous team management experience with small to mid-size teams
• Strong verbal and written communication skills
• Ability to prioritize work and meet deadlines
• Ability to work independently
• Management of strict deadlines
• Experience with DAIC and Agile methodologies

Desired Skills:

Planning and Organization
 • Manages own time well, agreeing priorities. Multi-tasks effectively, works well under pressure and meets tight and changing deadlines
 • Creates and maintains clear project plans and other project related documentation

Communication Skills
 • Communicates clearly and concisely, verbally and in writing
 • Confident when hosting a meeting or conference call

Business Results
 • Anticipates risks and obstacles and devises plans to manage them
 • Pursues aggressive goals and continuously raises performance expectations to achieve excellence
 • Challenges the status quo and seeks opportunities for improvement
 • Holds others to account for their responsibilities
 • Strong analytical and problem solving skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40